AI-powered project steals $1M from consumers.

Users have reported that the AI-based decentralized application project Harvest Keeper has stolen approximately one million dollars from their accounts in what is likely to be a fraud. (Read More)

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Biden's Budget Proposal Includes Crackdown on Crypto Wash Sales and Doubling of Capital Gains Tax for Certain Investors

U.S. President Joe Biden's fiscal 2024 budget plan proposes a crackdown on crypto wash sales and a doubling of the capital gains tax for certain investors, which could raise $24 billion. The proposed changes to crypto tax treatment aim to reduce the deficit by nearly $3 trillion over the next decade. The budget proposal seeks to eliminate the tax-loss harvesting strategy used by crypto traders, which allows them to sell assets at a loss for tax purposes before immediately repurchasing them. The proposal also aims to raise the capital gains tax rate for investors making at least $1 million to 39.6%. (Read More)

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What is crypto tax-loss harvesting, and how does it work?

Crypto tax-loss harvesting is a strategy used by investors to offset capital gains in their crypto investments by selling losing positions at a loss.

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Top 3 Stablecoin Yield Farming Platforms to Survive This Crypto Winter

Crypto winter is upon us, and chances are crypto markets will continue to trade sideways and experience bearish momentum for the next few months. One of the best ways to hedge against the downward trend is to convert your crypto holdings to stablecoins and lock them on yield farming platforms for guaranteed APY. This article […]

The post Top 3 Stablecoin Yield Farming Platforms to Survive This Crypto Winter appeared first on NullTX.

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DeFi Surges as BTC Plunges Below $48K!

Crypto market crashes down, BTC hits below $48K. DeFi sector surges up despite the market crash. Harvest Finance (FARM) surges

The post has appeared first on thenewscrypto.com

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